<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event
reported) - March 13, 2000
THE JPM COMPANY
(Exact name of registrant as specified in its charter)
Pennsylvania 0-27738 23-1702908
- ---------------------------- ----------- -------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification
Number
155 North 15th Street, Lewisburg, Pennsylvania 17837
- --------------------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (570) 524-8225
--------------
N/A
- -------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 1. Changes in Control of Registrant
Not applicable.
Item 2. Acquisition or Disposition of Assets
Not applicable.
Item 3. Bankruptcy or Receivership
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant
Not applicable.
Item 5. Other Events
On March 13, 2000, the Company announced that Jack
Fitzgibbons was named President and Chief Operating Officer
succeeding James P. Mathias. Mr. Mathias will serve as Vice
Chairman of the Company and become Director of Corporate
Strategy and Product Development.
Item 6. Resignation of Registrant's Directors
Not applicable.
Item 7. Financial Statements and Exhibits
Exhibits
99 (i). News release announcing the naming of Jack
Fitzgibbons as the Company's President and Chief Operating
Officer.
Item 8. Change in Fiscal Year
Not applicable.
Item 9. Sales of Equity Securities Pursuant to Regulations
Not applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE JPM COMPANY
/s/ John H. Mathias
---------------------
John H. Mathias
Chairman and Chief Executive
Officer
Date: March 15, 2000
The JPM Company Names Jack Fitzgibbons President and Chief Operating Officer
For Immediate Release: March 13, 2000
Lewisburg, PA. March 13, 2000. The JPM Company (NASDAQ/NMS:JPMX) today
announced that Jack Fitzgibbons has been named President and Chief Operating
Officer, succeeding James P. Mathias. Fitzgibbons was formerly President of C&M
Corporation, a cable manufacturer headquartered in Wauregan, Connecticut and
most recently worked as an independent consultant. In that capacity, he oversaw
the development and installation of high-speed cable manufacturing capacity at
the JPM facility in Guadalajara, Mexico.
Mathias will now serve as Vice-Chairman of The JPM Company and become
Director of Corporate Strategy and Product Development, reporting directly to
the Chief Executive Officer. The Product Development Team was created last year
to develop innovative solutions to interconnection challenges in the
telecommunications, business automation, computer and networking markets. Five
designs are currently in various stages of patent application and production. A
significant number of additional products and solutions are at earlier stages of
development. In Mathias' new role, he will be responsible for coordinating
development and marketing efforts to vertically integrate component design and
manufacturing into JPM's core business and build a significant base of revenues
from JPM intellectual property.
Mathias, who joined JPM in 1976 and served as Vice President of Operations,
was named President in 1981 upon the death of his father, Jay P. Mathias, who
founded the company in 1949. Along with his brother, John H. Mathias, Chairman
and Chief Executive Officer, Mathias oversaw the growth of the company from $9
million in revenue operating in a single plant to the $166 million international
public company it is today.
John H. Mathias, Chairman and Chief Executive Officer, welcomed Fitzgibbons
to the JPM management team. "Our company has reached a critical milestone in its
growth. We now need to drive each of our initiatives to reach the next plateau
in revenues and income. Our vertical integration efforts have been greatly
enhanced by Jack's contribution to our Mexican cable manufacturing capability.
He brings a wealth of knowledge of our markets, our customers, our current
capabilities, and our potential. His proven leadership abilities will guide the
company as we execute our plan for controlled and profitable growth. Jack's
attention to performance improvement will free Jim to concentrate his full
vision and imagination to the design and development of new products and new
solutions for our customers, creating new capabilities, new markets and new
opportunities for JPM. This is a tremendously exciting combination. Jim and I
welcome Jack to the JPM family."
Jim Mathias, commenting on the transition, stated, "We have entered a new
phase of our growth that is filled with huge opportunities and equally large
challenges. We need to complete the integration of our acquisitions, streamline
our processes, expand our services and, critically add component design and
manufacturing capabilities. I look forward to leading our design and new product
marketing. I have great confidence that Jack can bring a fresh outlook and an
experienced eye to our operations here and abroad. I believe we have a
management team which can lead us into a new era of dynamic growth."
Fitzgibbons, 46, has worked in the cable industry for most of the last
three decades. Prior to this last year leading strategic projects for The JPM
Company and other clients in the electronics industry, he was President of C&M
Corporation, a privately owned cable manufacturer headquartered in Wauregan,
Connecticut. During his tenure at C&M, he also served as Vice-President of
Operations, and as Managing Director was responsible for the start-up and
initial operation of their European manufacturing operation. Prior to his career
at C&M, Fitzgibbons was employed in various management capacities at The Okonite
Company and as Executive Vice-President of Astro Cable Corporation, now a
division of Carol Cable.
Fitzgibbons, commenting on his appointment, stated, "It is a great
privilege to be selected as the functional leader of this impressive
organization. The combined resources of The JPM Company represent an unusual
opportunity to offer our customers and shareholders value that is outstanding by
comparison to our competitors. The new synergies that will emerge from the
refreshed leadership of our company will drive JPM to reach our potential as a
world class organization."
The JPM Company is a leading independent manufacturer of cable assemblies
and wire harnesses for original equipment manufacturers in the computer,
networking and telecommunications sectors of the electronics industry.
Headquartered in Lewisburg, PA, JPM also has manufacturing facilities in Beaver
Springs, PA; Columbus, OH: San Jose, CA; Guadalajara, Mexico; Toronto and
Calgary, Canada; Sao Paulo, Brazil; Leuchtenberg, Germany and Bela, Czech
Republic. For further information contact: John H. Mathias at 570-524-8225.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995.
This release may contain forward-looking statements that involve risks and
uncertainties. Among the important factors which could cause actual results to
differ materially from those forward-looking statements are costs associated
integration and administration of acquired operations, costs related to the
start-up of new business with new or existing customers, the impact of
competitive products and pricing, product demand, the presence of competitors
with greater financial resources, availability of additional sources of
financing and commercialization risks, capacity and supply constraints or
difficulties, the results of financing efforts and other factors detailed in the
Company's filings with the Securities and Exchange Commission including recent
filings of Forms 10-K and 10-Q.
